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No plan to scale up gas prices for domestic consumers: Dar

14 December, 2013

ISLAMABAD: Finance Minister Ishaq Dar has said government has no plan to raise gas prices for domestic consumers.

"Supplying gas to all domestic consumers is among top priorities of government. However no proposal is under consideration to enhance rates for domestic sector", he said this while talking to media men outside parliament house Friday.

"Improvement is coming in foreign exchange reserves due to well conceived policies of the government. Foreign exchange reserves have registered increase of 500 million dollars during the last week. The overall reserves have reached the mark of 3.4 billion dollars, he pointed out.

He went on to say that erstwhile government was pursuing auto policy and nothing was there to determine which is right and which is wrong.

To a question he said over 48 billion rupees were borrowed from state bank in connection with payment of circular debt. He will present details of these payments in next senate session, he added.

Regarding Prime Minister Youth loan scheme he said this scheme has been launched under a plan and government has financial resources to run this scheme. He dispelled the impression that government is using this scheme as slogan for local bodies elections.

Government stands by its stance on making payments to owners of containers engaged in NATO supply in the event of any loss to them, he said adding such payments will be made to them before December, 31.

He said government would take power production to 22000 megawatts within the next four to five years.

End.

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